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Noranda Income Fund Announces Its Monthly Cash Distribution for the Month of May

May 19, 2006 - 08:00 ET

VALLEYFIELD, QUEBEC--(Marketwire - May 19, 2006) -

Attention Business/Financial Editors:

The Noranda Income Fund (TSX: NIF.UN) announced today its monthly cash distribution for the month of May of $0.085 per unit. The distribution will be payable on June 26, 2006 to unitholders of record at the close of business on May 31, 2006.

The schedule below sets out Noranda Income Fund's cash distribution history for the last six months:

Noranda Income Fund is an income trust whose units trade on the Toronto Stock Exchange under the symbol "NIF.UN". The Noranda Income Fund was created to acquire Falconbridge's CEZinc processing facility and ancillary assets (the "CEZinc processing facility") located in Salaberry-de-Valleyfield, Quebec. The CEZinc processing facility is the second-largest zinc processing facility in North America and the largest zinc processing facility in eastern North America, where the majority of its customers are located. It produces refined zinc metal and various by-products from zinc concentrates purchased from mining operations. The Processing Facility is operated and managed by Canadian Electrolytic Zinc Limited.